Is Splitting Demand Draft into Two Parts Acceptable for IPU Paramedical Counseling?
Indu Nyayalaya, also known as the Institute of Pharmaceutical Sciences University (IPU), requires applicants to submit a demand draft as part of the application process for paramedical courses. This demand draft often includes a certain amount that is non-refundable and another amount that is refundable. In recent scenarios, a candidate has asked if splitting this demand draft into two parts and submitting them separately is acceptable. This article delves into the details of this scenario and whether candidates can submit a split demand draft.
The Requirement for a Demand Draft
IPU mandates that candidates must submit a demand draft for a specific amount, typically 16,000 rupees, where the amount is divided into two parts: 15,000 rupees refundable and 1,000 rupees non-refundable. The purpose of these amounts is to indicate the seriousness of the candidate's application and to ensure that the institution receives a certain level of assurance from each applicant.
Resolving the Question
One candidate has encountered a situation where they have already made two demand drafts from their bank—one for 15,000 rupees and another for 1,000 rupees. The question is whether submitting these two drafts separately will be acceptable according to IPU's guidelines.
The short answer is yes, it should be acceptable. IPU has not explicitly stated any conditions that require the candidate to submit a single demand draft. Therefore, splitting the total amount into two separate demand drafts and submitting them separately is a permissible and acceptable practice.
Understanding Demand Drafts
A demand draft is a financial instrument issued by a bank that provides a payment promise to a beneficiary without the necessity of any supporting documents. It is essentially a check issued by a bank, which can be used to pay for the specified amount without the need for a bank account.
A demand draft is beneficial for candidates as it is a secure and convenient way to pay application fees. When splitting the total amount, candidates ensure that the institution receives the necessary amounts promptly, thus facilitating the application process.
Non-Refundable vs. Refundable Amounts
The non-refundable amount, in this case, 1,000 rupees, is designated to signify the seriousness of the candidate's decision and to secure the application position. This amount is not returned to the candidate under any circumstances once the application process is complete.
The refundable amount, 15,000 rupees in this case, is returned to the candidate in full once the application is processed and the admission is confirmed. The institution retains the non-refundable amount as assurance that the candidate is seriously pursuing a seat in the chosen course.
Conclusion
Given the current guidelines of IPU, submitting a split demand draft for the specified amount (16,000 rupees, with 15,000 rupees refundable and 1,000 rupees non-refundable) is a perfectly acceptable practice. By separating the demand drafts, candidates ensure that the institution receives both the refundable and non-refundable amounts separately, streamlining the application process.
For more information and updates on IPU's policies, it is advisable to contact the institution directly or refer to their official website for the most accurate and detailed instructions.
Stay informed and maintain a clear understanding of the application requirements to ensure a successful candidature process.